What Can a New York City Bankruptcy Lawyer Do for You?
The primary goal of filing for bankruptcy is to restructure and/or eliminate debt in a way that makes it more manageable for an individual to gain control of their finances. A New York City bankruptcy lawyer is capable of doing just that for their clients.
Whether you are filing as an individual or to save your business, a New York City bankruptcy lawyer is capable of handling a variety of bankruptcy issues. A bankruptcy lawyer can also provide a number of different legal services, such as reviewing bankruptcy documents before they are filed, representing a client in bankruptcy court, and ensuring that a client complies with a bankruptcy order issued by the court.
Additionally, a New York City bankruptcy lawyer can discuss the benefits and risks of declaring bankruptcy, as well as the rights that a bankruptcy petitioner has under federal bankruptcy laws and the rules of local bankruptcy courts.
How Much Does a Bankruptcy Lawyer Cost?
The cost of a bankruptcy lawyer in New York City depends on the type of legal services that a client is hiring them to perform as well as on the fee structure that is used by each individual bankruptcy lawyer. Generally speaking, the cost of retaining a lawyer is much higher in New York than it is in the majority of other states.
The average cost of a bankruptcy lawyer in New York state is approximately $1,250, with the lowest rate hovering around $956 and the highest being $1,550. Of course, these rates can be affected by a number of factors, such as the complexity of the legal issues in a bankruptcy case.
For those who qualify, there is also the option of using a legal aid service or nonprofit organization. In which case, an individual may be able to retain a New York City bankruptcy lawyer for free.